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<br /> ' 94-=i09.26'�
<br /> � I1. Euents af Defax:�t. Ani of the following events sha�l
<br /> b� dEemed an event of ciefau�� I��reunder:
<br /> ta) T�ustor s�a11 have failed to make
<br /> � paytner.t of a�� installment �f interest, ,
<br /> principaZ or principal. an� in���e�t or any .�
<br /> otheX sixms secured hereby when c?ue;
<br /> (b) Th�re has occurred a breach of or
<br /> default i:�tu�r an� term, covenant, aqreement, .
<br /> condition, g:aTJisxon, representation Qr
<br /> � warra.�ty con�ained in this Deed of `�r-ustp tI2e
<br /> nc��� �r any other lcan instruanent se�tar�
<br /> h���,��;
<br /> (c) There has been a dEf��1t by tYie
<br /> Tnistor z.n the payment of any prior ar subse- . ,
<br /> quent 2ie� �ar encumbrance in respect to a21 , �
<br /> o, an� part c,� the progerty;
<br /> (�?. Trnstor shall �i3.� a v��vntary
<br /> ��titi�n• in bankruptcy Q- sh�Il L� adjudi- .
<br /> caL�� ��nkrupt or insolvent, ey �s�_z��:.I make an .
<br /> assig:unent for the benef it c�� cr�3itors in
<br /> xesrect to the property; a� an action to �
<br /> enfcrc� any lien or �•n��umbrance or judgments , � •
<br /> � agains� the property is commenced. .
<br /> 12. r�cceleration U�son Uefault. In the event af any
<br /> default� �3enEficiary may declare a11 indebtedness secured h��sby �' �
<br />: to fse ��.�e and payable, and �he same shall thereupon become due
<br /> and p�y���2e without any presentment, demand, protest or notice of .
<br /> , any kind. Thereafter, Beneficiary may: .
<br /> (a) either in person or by agent, with .
<br /> or without bringing any action or proceeding,
<br /> or hl receiver appointed hy a court and with-
<br /> out regard ta the adequacy of any security,
<br /> enter upon and take possess�c�n of the prop-
<br /> erty, oz any paxt therpof, in its own name �r
<br /> in the name of the T�sa:te�� and cio any acts
<br /> which it deems necessary an.d desirable to .t��
<br /> }�reserv� the value, marketaY�ility or rent- ;''
<br /> a3�ili�y of the property, ar part thereof ar ,�
<br /> inc�L�st th�rezn, incxease the inca�� there- .�i
<br /> from or prot�:ct the security hercaf and,
<br /> without taking possesaic�n of t_he property,
<br /> sue for ar otherwise coll�c` the rents,
<br /> issues and prafirs thereof, including those
<br /> past clue �snd unpaid, �n3 apply the same, less
<br /> costs and expenses a� operatian and collec-
<br /> tion, inc2udir�g attorney f�_�s, upon angr
<br />' indEbt�.�dn�•s� s�cured hereh;��, all in such
<br /> �rc?�� �.� I3e.leficiar�:° may detcrmin�. Tlie
<br /> . entcr�::y upon ar.d f�:.'�in_q passes�ion r�f t�ie
<br /> `rust estate, �i::� �:��lectio:: �f such rents,
<br /> i�;sues ana prc¢:H_ and app��Mation the=eof as
<br /> afarE�said sh��l r�:�� c�r�: or waive any def�ult
<br /> or notic:Ey of de�aulG hez�eunder or invaliclat�: :----_--
<br /> ��r�y a�•t v.rul iri r�spv��s� tv st�ch clefa�ult or �
<br /> pursu�nt ta s�sch notice a£ dcf.aealt and, n�t-
<br /> with5t�tidfny th� con�imi��ncc .in possessian of
<br /> �kb� property or tihe c�o1 I crr.t ic�n, rE���i�t and
<br /> application a£ rE�rits� .ZSJUE�J or pro�it::, �
<br /> 'Prustec� ar R�x�E�f.zciaty may bc� entitled to �
<br /> � ex�rr,.i se �very ri c�ht pr�videc� `�s in any of �"�
<br /> thc Ivttn rttstrt�m�nt� crr tjy I��w u�vn acc•u��rnec� �
<br /> cy� �:r�y c�vEinr c,f d�:f�-�tYlt, is�r.ltxlit�r{ thr. ra.Ut�' r`
<br /> f r� C Y.E'T c`.t�;E.' t,}1C �CJ`r7('7' t)f �:c�. I('.: 1/��
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